Rupee rises 8 paise to close at 74.43 against U.S. dollar

U.S. dollar index, which measures the greenback's strength against the basket of six currencies, fell 0.13% to 95.61.

The rupee advanced by 8 paise to close at 74.43 (provisional) against the U.S. dollar on Friday on the back of easing crude oil prices and dollar selling by banks and exporters.

However, the rupee's further recovery was restricted by continuous foreign fund outflows and sell-offs in domestic equities, analysts said.

At the interbank foreign exchange market, the rupee opened at 74.50 a dollar and during the day, it witnessed an intra-day high of 74.40 and a low of 74.55 against the American currency.